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China Capital Flight Panic Erupts: FX Outflows Hit $75 Billion, Highest Since 2015 Devaluation

Business October 20, 2023

In recent days (here, here and here) we have focused on a topic few are paying much attention to, namely the unprecedented liquidations of US FX reserves by Beijing, not only Treasuries which have been sold aggressively by China alone...

china capital flight panic erupts fx outflows hit 75 billion highest since 2015 devaluation

... or in conjunction with its international proxy Belgium for the past three years...

Previous article: G77 Nations, China, Push Back On U.S. "Loss And Damage" Climate Fund In Days Leading Up To UN Summit Prev Next article: Global Escalation Next

Authored by Tyler Durden via ZeroHedge October 20th 2023

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